After its strong rally towards the end of last week, GBP/USD consolidated tightly in a pennant formation during yesterday’s trading. This is most likely because traders are awaiting the release of top-tier British data within the week.
The USD/JPY pair fell initially during the opening hours of the Monday session, but as you can see bounced back above the 95 handle. The 95 handle is especially interesting in this pair, as Prime Minister Abe...
The USD/CAD pair fell during the session after initially gapping higher on Monday, in reaction to the banking situation in Cyprus. However, we still maintain the thesis that this market needs to pull back to the 1.01...
The GBP/USD pair did very little during the session on Monday, as the rest of the currency world bounced around quite a bit. However, what’s interesting is the fact that this market could not gain traction, and...
The EUR/USD pair gapped lower at the open on Monday, but as you can see spent most of the day clawing back to recapture most of the losses. However, interestingly enough we sell the 1.30 level offer...
The AUD/USD pair broke higher during the session on Wednesday after first gapping lower. However, the 1.04 level is where we stopped, an area of significant resistance. Because of this, we are necessarily thinking that there is...
USD: Bearish Several weekend gaps were made after the short squeeze took place last week as most major currency pairs opened right where they were prior to the profit-taking on Thursday and Friday. This presents an opportunity...
EUR/USD made a huge gap down from the 1.3100 area to below 1.3000 over the weekend. The sudden rally that took place during the last two trading days of the previous week can be explained by a...
USDCAD is facing the support of the lower line of the upward price channel on daily chart. As long as the channel support holds, the fall from 1.0341 could be treated as consolidation of the uptrend from...
USDCHF is facing the support of the upward trend line on daily chart. As long as the trend line support holds, the fall from 0.9567 could be treated as consolidation of the uptrend from 0.9021, another rise...
